Meet Jonathan Litt, Hudson’S Bay Activist Investor

He raised a fund and started targeting publicly traded real estate and real estate-related securities in an activist fashion.
With Hudson’s Bay, Litt is urging the company to consider being taken private by management or consider other uses for its real estate.
“”Hudson’s Bay is a real estate company, full stop,” Litt wrote.
It was also the case at MGM Resorts, which spun off some of its real estate through an initial public offering in 2016.
His playbook has largely focused on finding ways to monetize real estate to enhance shareholder value.

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